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Search Results 0 to 49 of about 74 (some duplicates have been removed)
to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester because the republicans reordered the way that these things are going to fall on the calendar. the sequester is those automatic spending cuts. billions -- tens of billions of dollars just this year in spending cuts. the republicans would like to have some kind of spending cut win this year, and that might be their only opportunity to get one, so you can see them hunkering in and saying, you know, we're going take the hit on defense spending cuts, but we're going to get spending cuts here by hook or by crook, and for democrats they might say, you know, we would rather lose
the debt ceiling to keep going up through the middle of may. that would delay the expected shutdown -- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've
agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that the whole term of sequester emanated out of the white house. and so, we have to start sitting down and saying, look, the direction we are going is not right. what do we need do as far as the personal income tax rate so we can stimulate growth, especially for the small businesses, sub-chapter "s." we saw an incredible selloff in december because people were concerned about the increase in the dividend tax rate. we have to start looking at our regulatory policy. already being we have seen 5,700 pages of new regulations from the federal government. that's going to affect the growth of this economy. we have to get the right type of monetary policy also. >> all
debt ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to do as far as the personal income tax rate to stimulate growth especially sub chapter "s" corporations. what week do with dividend situation. people were concerned about the dividend tax rate. we need to look at regulatory policy. already we have seen 5700 pages of new regulations from the federal government. that is going effect this economy. we need the effective monetary policy also. >> those are the correct solutions. those are good ideas. we have real leadership where people are willing to rise above and sit down and see what works and what doesn't work. that is not what we have. instead we ha
the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> but that's a debate that's been had, as you know, for the last couple of months, last couple of years and doesn't appear it will get solved next month so the sequester will hit. >> george, that's what they said two or three days before the fiscal cliff. no revenue. well, we got about $700 billion in revenue. there's still more we can do. >> are you saying that for -- to lift the sequester, first
these entitlements. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must be avoided because it puts all
to extend the debt ceiling, but another budget battle could shut down the entire federal government. rich edson is lye on capitol hill for the fox business network. what's going on, rich? >> reporter: good afternoon, jon. in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a got
the debt ceiling for the next four months. in the bill, an interesting provision that with holds member's pay if they fail to pass a budget by april 15th. >>> president obama's popularity is on the rise. a "washington post" poll found his favorability rating at 60%. that's a three-year high. 37% had an unfavorable view. >>> david visitor is dismissing a bipartisan proposal on immigration reform. and vitter went after florida senator marco rubio calling him amazingly naive to believe the plan would not amount to amnesty. >>> lamar alexander of tennessee talked to chuck todd on "the daily rundown" about gun control and video games. take a listen. >> i think video games is a bigger problem than guns because video games affect people. but the first amendment limits what we can do about video games. the second amendment to the constitution limits what we can do about guns. >>> senator john mccain appeared at a breakfast in washington where he told a joke about himself and the low approval ratings of his colleagues. >> a guy ran up in the airport and say anybody tell you look like john mccain
on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do b
to raise the debt ceiling. >> a tornado it is being blamed for a death in georgia. homes were destroyed, cars were tossed. thousands of people are without power in tennessee. three tornadoes touched down. >> now insta-weather plus and traffic pulse 11 together. >> it was a rough night in maryland. we had anywhere from 1-4 inches of rain. temperatures right now or in the 50's. a cold front is going through. following are steady temperatures for the rest of the day. there could be some leftover rain showers. it will be a lot colder this afternoon. seven-day forecast in a few minutes. >> we have a crash northbound on 95 at 32 in howard county. three left lanes are blocked. things are moving fine. we do not see any delays. some flooding from the heavy downpours overnight. york road, we have a closure. eastbound 50, we have a crash that is blocking the right lane. some debris blocking the right lane. 65 on the harrisburg expressway . traffic is moving find in both directions. that is the latest on traffic pulse 11. >> 52 degrees at the airport. >> 11 treat designer is coming up with a plan t
with the debt ceiling negotiations. maybe some other kind of macroevent. last night saying to me, wouldn't it be ironic or weird if the big pest thing that happened hurricane the biggest fear of macromelt down never happened but instead what we got is boring old no growth? something nobody was really set up to deal with right now. that is not the dominant emotion. right now the jeep feeling is the bulls are still in charge. a lot of e-mails about siegel, jeremy siegel, 70% chance the dow will hit 15,000 this year. that was widely commented, to me at least, this morning. he sees a big increase in consumer spending. says the housing recovery is going to continue. home builders had good numbers but they are down. remember, the problem suspect the numbers they are reporting, it's the valuations. we've had pulte with good numbers, merit tash, the numbers, two times book for most of the home building companies. two times book for most of the home building companies. women pool, the guidance spectacular, 9.24 to 9.75. right now, still at 9.25. >> 19 1/2. >> to 19.75 on tri pointe homes. guys, b
forward on that. we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the presiding officer: without objection. for the senate, the letter of resignation of senator john f. kerry of massachusetts, effective friday, february 1, at 4:00 p.m. without objection, the letter is deemed read and spread upon the journal. mr. brown: madam president, i ask unanimous consent the judiciary committee be discharged from further consideration of s. res. 14 and the senate proceed to its consideration. the presiding officer: the clerk will report. the clerk: s. res. 14, raising awareness and encouraging prevention of stalking by designating january, 2013, as national stalking a
't lose those spending cuts. that was to pay for the last debt ceiling increase, let aloney future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put this in context and think about what congressman ryan from wisconsin is really saying. republicans backed off their debt limit threat because they knew it was a political loser. and now they seem to be backing off their threat to shut down the government. sequester? well, that's another matter. if congress does nothing, the cuts take effect. republicans don't want defense cuts, but they might be willing to stomach those cuts because domestic programs would also get slashed, including medicare. and that's what republicans really want. let's turn to barney frank, former mass
would be that much under the debt limit. plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. he talks about, we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the richest people in america who run hedge funds can treat their earned income as if it were a capital gain. they call it carried interest. >> yeah. >> it means the rest of us are carrying them. and we voted to reduce that. and paul ryan boxed it. he is against that. and if you remember from that interview, he did not give a single specific about a tax break he wants to end, and he talked about cutting entitlements. >> he is up front saying no more revenue. i mean, that's their position on that. now, they've backed off the debt limit. now they're backing off
spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very afraid, of how inflation and the flood of cheap money will impact investments from here on out. bill joins me exclusively from pimco
was cantor, who fought the president on the debt ceiling. he called the obama administration the imperial presidency. he stepped out today to show there are no rough edges in this republican party. let's listen to cantor today. >> we'll advance proposals aimed at producing results in areas like education, health care, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. our goal is to ensure that every american has a fair shot to the earn success and achieve their dreams. >> what a cover-up. your party ought to be ashamed of itself. you spent months in every state legislative capital trying to keep black people and poor people from voting or young people. now you're out pretending that you care about opportunity in america. it's an absurdity eric cantor -- >> the speech by eric cantor was a very good speech. >> if it wasn't given by him maybe. >> eric cantor is a good guy. he's got a family. he cares about this country. he's a patriot. he cares about making gover
talking with the senator, the debt ceiling crisis could soon be resolved at least for now. the senate set to vote on a bill to raise the federal borrowing limit just temporarily. we're live in washington with that story next. eat good fats. avoid bad. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana nut crunch and cranberry almond crunch. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. jon: fox news weather alert. a powerful storm system sweeps through the southeast, leaving widespread damage in its wake. tornados, flipping cars and flattening homes in bartow county, georgia, yesterday. at least one
hill. the senate will decide whether to put off the debate over the debt ceiling until spring. it will vote on a bill to allow government to keep borrowing money without congress' permission until the middle of may. the house already passed the legislation. president obama said he will sign it if the senate fails -- rather, if it fails in the senate. the treasury warns the government may not be able to pay its bills in a matter of weeks. >>> 4:34. chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam veteran will likely face tough questions, especially about his stance on israel and iran. he prepared by meeting privately with more than 50 senators and leaders of public interest groups. >>> right now, vice president biden is preparing for his first trip overseas for the obama administration's second term. he leaves today for europe. the white house says he'll visit germany, france, and the u.k. the vice president's first stop will
together to bring something forward. >> where were these debates during the debt ceiling? i feel there are no relationships across the aisle. this is, they shouldn't do things so -- >> some relationships in congress -- >> they're doing things so fast, this is setting an excellent precedent for the rest of the agenda. >> the latino voteler flee you. >> thank you. >> in you don't resolve this and take, say a year, the next three years to court that latino voter you'll be in a similar position. >> there's no doubt republicans have not done a good job communicating to latino voters and i will say that, but let me say this, the thing that republicans have to do is seize upon this opportunity to get something done, to show the country that we can work together in a bipartisan fashion, that is what's happening. if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people togethe
managers are telling washington right now. let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the stimulus works. 3 million jobs because of the stimulus and other thing is about the education thing i menti
on the debt ceiling so that it's not fiscal crisis day-in and day-out and we are talking about some other issues that are important. immigration, gun violence. ists to talk about the political dimension of those. come from calf, i have working on the immigration reform and the border problem for 25 years about it looks leak the time has finally, come for this legislation to happen this year. >> politically, is this the time when it could happen? >> yeah. i think it is the time i also think the structure in washington is difficult for the following reason. 1994, he was at the democratic congressional campaign committee. i got sent to help speaker tom folley in a tough race. he was very sure you his support of the assault weapons ban cost him 9,000 votes from people who would always be for him and across the more splinterred districts in the house places where guns you can't get past this. you can't have a rational conversation with people because it's more like religion. there are people who can stop whatever big bill you have going because because of this. >> t
, the debt ceiling. now the sequester. i mean, we're now talk about perhaps $85 billion in spending cuts in 2013 if they don't get their act together on the sequester. that's pointing exactly in the opposite direction. so the fed is kind of setting the table but not getting the support from the congress on the fiscal side. >> so given the looming debt ceiling limit here, this week on morning joe the "new york times" economist argued why the u.s. should spend now and worry about deficit reduction later. here it is. >> dashing spending when you still have depressed economy is really destructive. it's probably even counterproductive even in purely fiscal terms. we should be sustaining government spending until we have a stronger economic recovery. >> this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation and i'll become a deficit hawk but not now. >> do you subscribe to that, jared? or is that too extre
the debt ceiling. if republicans had gone into this issue and said they would not raise the debt ceiling unless they got cuts, there would have lost that the raid at the end. big loss that debate. john boehner and paul rand did a great job together. you cannot govern from that office, you but you have to be very careful about high-profile last-minute negotiations. i've worked in the white house and three administrations. the president has a tremendous institutional advantage in these kinds of fights. what republicans have to do is avoid these fights, the straps that they are laying. provide an alternative through passing legislation, just to show this is how they would govern if they had the powers of the presidency and the senate. and be careful. there are some rough edges. host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cann
report. we don't have to deal with the debt ceiling again until august. that's what the treasury department is telling members of congress now. last week house republicans agreed to suspend the limit on how much the feds can borrow until the month of may. but treasury officials say they can take extraordinary measures to move around some money and keep paying the bills a bit longer. in the meantime. the two parties are still going at it over government spending. mike emanuel live on capitol hill tonight. republicans hammering democrats over that growing national debt, mike. >> well, that's right, bill. $16 trillion and counting. republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so th
, but after the break top republicans m house and senate part way on a key debt ceiling bill. will the intraparty scism end in heartburn or heart break? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable lahtuger). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. >>> the republican party is engaged in a fierce game of tug-of-war with itself. last week after speaker john boehner pleaded with his party to vote for a bill to extend the debt limit for three months, 33 members broke rank. the measure would have failed without democratic support. yesterday the senate took up that same bill and even though
abandoned. we are not going to have a debt ceiling default crisis and we're not going to have a government shut down. we'll have sequester for a few months, but i think these great epic struggles that worry the markets are starting to fade as a strategic policy. >> do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough squawking maybe by late spring, early summer it gets undone. we'll have that. still some head winds. there is this and the higher payroll tax. maybe first rate growth is a little slow but by the second half, things could be looking much better. >> this week, we moved closer to the unthinkable. the sequester that president obama promised us would never happen. listen just a few months ago. >> first of all, the sequester is not something that i proposed. something that congress has proposed. it will not happen. >> i don't know, that could be the one election promise the president fails to keep. the sequester a part of the decision on march 1st. what happens if the sequester happens? >>
to come out then about mid may is the extension of the debt ceiling. but come back to your answer here, is that the motivation for harry reid not to produce a budget, he doesn't want to offend people? >> they d want to produce a budget because it makes you make choices. coming out of the 2010 election he was afraid and they were afraid of loosing their majority. they ae avoided every tough issue. we hardly did anything in the senate. when you have to budget you have to make decisions you can't speak in platte taoudz. that's why they've avoided doing a budget. think their time is up. they said they are going to produce a budget this year. that's important. look what we did this paul ryan's budget and how they beat it up. that's why they didn't want to produce one of their own. bill: it's my assumption that the senate produces a budget in april and it goes to the house and they say we are not moving on that. >> the normal process begins of negotiates where the two sides have to reconcile their differences in what they call a conference. this is the way this place is supposed to work not
Search Results 0 to 49 of about 74 (some duplicates have been removed)